In July, the country posted a trade surplus of 101 billion dollars, breaking the previous month’s record.
China’s export growth has been driving its economy in a year that has been nonetheless difficult due to shrinking domestic demand and the commercial impact of the Zero-Covid policy put in place by the government to counter a new upsurge in the number of people being infected.
In terms of traffic volumes, exports have risen by 18% , 4 percentage points higher than expected. Imports recorded a 2.3% increase. In contrast, market forecasts envisaged a growth of 4%.
Translation by Giles Foster
